Folks, these are 3% to 6% moves occurring on an hourly basis. The CBOE Crude Oil Volatility Index (OVX) is over 70-and climbing, compared to a piddly 25.50 on the VIX and I'm having difficulty smiling.
More to come, March WTI curently down 21 cents at $27.73 after trading as high as $29.22.
Which itself was a 6.6% bounce off the low. Oh great, now I'm having trouble typppppppppppppp